If you think that American consumers have found religion when it comes to debt, you might be surprised by what really is happening. From the WSJ: First, consider household debt. Over the two years ending June 2010, the total value of home-mortgage debt and consumer credit outstanding has fallen by about $610 billion, to $12.6 […]
Archive for September 18th, 2010
Steve Jobs As A Ninja And Other Thoughts
Posted by Tom Lindmark on September 18th, 2010
Not much time to post this past week, so here are some things that caught my eye along the way. Housing The emerging consensus seems to be that while the government can keep shooting bullets at the housing market for as long as they care to throw away tax payer dollars, their efforts are likely […]
Posted in banks, Housing, regulation, State and Municipal Finance 
Tags: Housing, pension plans, REO 
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